Linking environmental corporate social responsibility to firm performance: The role of partnership restructure

Exploring the impact of circular economy practices on ecological footprint, inflation rate, and renewable energy consumption: evidence from G20 economies

The circular economy (CE) has acquired significant interest for its potential to contribute to sustainable development (SD). The present study utilizes empirical methodology, specifically panel data analysis, to examine the distinct effects and outcomes of the circular economy and its associated factors within a unified framework. The focus is on the G20 countries from 2008 to 2021. We evaluated the influence of various CE value sources (renewable energy consumption, composting rate, repair services availability, recycling rate) and a factor-analysis-derived measure of the CE on economic, environmental, and social aspects of SD. The objective was to assess the distinct effects and outcomes of CE and its components in a unified framework-the analysis utilized panel data from G20 countries from 2008 to 2021. Our findings show a substantial influence of CE in achieving SD, with positive implications for the economy, environment, and society. However, the impact of each CE value source on the SD dimensions shows variation. While renewable energy consumption (RENEC) and composting rate (CR) lessen environmental impact, recycling rate (RR) shows no significant effect, and repair services availability (RSA) increases the Ecological Footprint (EFP). Notably, RSA is the sole CE component, showing a positive economic impact at the national level. Additionally, RENEC, RSA, and RR contribute to reducing the inflation rate (INFR). Policymakers should undertake detailed impact assessments to develop effective, tailored strategies based on each country's unique goals. The findings of this study have important policy implications, particularly in terms of emphasizing targeted strategies for implementing CE practices to achieve sustainable development.

Green bonds and green environment: exploring innovative financing mechanisms for environmental project sustainability

This study delved into the intricate relationships between green bonds (GB), Environmental National Cap (ENC), the European Commission's green growth metrics (EC), and innovative financial mechanisms (INN_FM). Employing the Pesaran CD test, the research underscored significant cross-sectional dependence among the examined countries. The subsequent unit root tests affirmed the first-order integration of variables, causing the panel vector autoregressive (PVAR) approach for deeper insights. The findings indicated that while GB notably influenced the EC's metrics, and its effect on ENC was relatively subdued. Notably, INN_FM appeared to insignificantly influence the issuance of GB. By leveraging variance decomposition, we discerned that the dynamics between these factors, especially in green economic growth, is complex and can vary across regulatory and national contexts. This research provides an essential foundation for policymakers, regulators, and investors to understand the multifaceted interplays in green finance mechanisms and craft strategies to optimize their impact on sustainability outcomes. Hence, the study provides multiple policy implications for the associated stakeholders.